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Securitization of Assets: Developments Abroad and Prospects in India

Author

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  • U.S. Sohoni

    (Professor, National Institute of Bank Management, Pune.)

Abstract

Securitization of Assets is a tool in the asset-liability management of banks and financial institutions to tide over the liquidity and other risks and also to supplement income by way of profit on sale of loans. Housing finance sector is one area where securitization is in practice and government has identified National Housing Bank as a facilitator for providing guarantee. This paper focuses on development of securitization in the US and Europe where it has diversified from a mortgage loan phenomenon in the 70’s into non-mortgage based loans giving rise to Asset Based Securities (ABS). It also brings out the impediments and constraints in the way of realising the potential of ABS in India. The growth of securitization in India has been affected mainly due to the non-development of the debt-market. The onus of developing and popularising the asset based securities in India lies on the merchant banker.

Suggested Citation

  • U.S. Sohoni, 1997. "Securitization of Assets: Developments Abroad and Prospects in India," Vision, , vol. 1(2), pages 63-70, July.
    • Handle: RePEc:sae:vision:v:1:y:1997:i:2:p:63-70
    DOI: 10.1177/09722629X97001002007
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